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Description
The Finance & Insurance (F&I) Manager sells new and used car buyers financing and insurance programs. F&I managers also work with financial lenders to give fair interest rates to buyers and programs. As with all positions within dealerships, F&I managers are expected to uphold the highest ethical standards.
Job duties for an F&I manager include:
- Offering vehicle financing and insurance to customers and providing them with a thorough explanation of aftermarket products and extended warranties and a complete explanation of manufacturer and dealership service procedures and policies.
- Seeking new lending institutions and maintaining good working relationships to secure competitive interest rates and financing programs.
- Processing financing and leasing deals accurately and securing approval through financial sources to secure approval and through the proper federal, state and corporate channels.
- Understanding and complying with federal, state and local regulations that affect the new and used-vehicle and finance departments.
- Creating and maintaining a program with the sales department that will ensure all new sales are referred to the F&I department.
- Training and providing the sales team with information on finance and lease programs and the benefits of the dealership’s financing and extended service programs.
Job Type:
Full-time
Pay:
$9,000.00 – $18,000.00 per month
Benefits:
- 401(k)
- 401(k)
matching
- Dental insurance
- Employee discount
- Health insurance
- Health savings account
- Tuition reimbursement
- Vision insurance
Schedule:
- 12 hour shift
- 8 hour shift
- Holidays
- Monday to Friday
Supplemental pay types:
- Bonus pay
- Commission pay
- Signing bonus
Experience:
- Dealership experience: 1 year (Preferred)
- Sales: 1 year (Preferred)
Work Location:
One location
